Morningstar Rating™

Morningstar SRRI

Benchmarks

Fund Benchmark

Markit iBoxx GBP Lqd IG Ultrshort TR GBP

Morningstar® Benchmark

Bloomberg Barclays Sterling Aggregate 1-3 Yr TR GBP

(End of Section)(Start of Section)

Investment Objective

The fund is an exchange traded fund (ETF) that aims to track the performance of the Markit iBoxx GBP Liquid Investment Grade Ultrashort Index as closely as possible. The ETF invests in physical index securities. The Markit iBoxx GBP Liquid Investment Grade Ultrashort Index offers exposure to short maturity corporate bonds (bonds issued by companies) and quasi sovereign bonds (bonds issued by entities with explicit or implicit government backing) that are Sterling denominated and meet a minimum credit-rating of investment grade, as determined by independent credit rating agencies. The index covers fixed rate bonds (bond securities that have a fixed rate of interest) maturing between 0 and 1 year and floating rate securities (bond securities with a variable rate of interest) with a time to maturity between 0 and 3 years.

(End of Section)

Portfolio Profile07/12/2016

Morningstar Style Box®

(Start of Section)

Fixed Income Style

(End of Section)

(Start of Section)

(Start of Section)

Asset Allocation %

Long

Short

Net

Stocks

0.00

0.00

0.00

Bonds

78.15

0.00

78.15

Cash

20.91

0.16

20.74

Other

1.11

0.00

1.11

(End of Section)

(End of Section)

(Start of Section)

Top Fixed Income Sectors

Fixed Income Sector

%

GlobalBondSectorBreakdown_3030

72.25

GlobalBondSectorBreakdown_5010

15.21

GlobalBondSectorBreakdown_1020

10.52

GlobalBondSectorBreakdown_4040

1.03

GlobalBondSectorBreakdown_4030

0.99

(End of Section)

(Start of Section)

Top Holdings

Name

Country

%

IncreaseDecreaseNew since last portfolio

BlackRock ICS Sterling Liq Agency Inc

Ireland

2.52

Intl Bk Recon&Dv 1.25% 2017-10-02

Country_XSN

2.16

Barclays Bk FRN 2018-09-15

United Kingdom

2.01

Dexia Credit Loc 1.875% 2017-07-17

France

1.99

Toronto-Dominion FRN 2018-11-20

Canada

1.49

(End of Section)

AJ Bell includes AJ Bell Holdings Limited and its wholly owned subsidiaries. AJ Bell Management Limited and AJ Bell Securities Limited are authorised and regulated by the Financial Conduct Authority. All companies are registered in England and Wales at Trafford House, Chester Road, Manchester M32 0RS. AJ Bell procures the provision of the Morningstar Licensed Tools on an “as is” basis and does not guarantee the performance of or accept liability for the Licensed Tools. To the maximum extent permitted by law, AJ Bell excludes liability for the Licensed Tools, including liability for any failure, interruption, delay or defect in the performance of any Licensed Tool, unless it arises as a direct result of the negligence of AJ Bell.